FSB launches plan to rein in non-bank leverage
Limited data and uneven regulatory mandates pose major challenges
The Financial Stability Board (FSB) has today (December 18) unveiled proposals to tackle high and opaque leverage in the non-bank sector, starting what is likely to prove a long reform process.
The consultation’s nine recommendations are designed to be flexible in order to fit in with different regulatory and market structures around the world. They cover the identification and monitoring of vulnerabilities, steps to address leverage in core markets, counterparty credit risk management, the
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